IBT completes CB

The International Bank of Taipei raises $180 million from a convertible bond.

Bookrunner Merrill Lynch took an unusual but effective approach to syndicating a convertible for IBT on Wednesday December 15. Faced with the common problem of having to bring a deal to market with aggressive terms, it decided to bookbuild the transaction on a range that spanned no fees to full fees.

Historically banks have got caught out trying to sell deals at par to a reluctant investor base and then having failed to build any...

To continue reading, please login or register for free

Click for more on: ibt | completes | cb

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...